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WHAT MEASURE C REALLY COSTS YOU! |
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Welcome to the Silicon Valley Property Taxpayers’ Association - What Measure C Costs You portion of our Web Site. As we’ve demonstrated, the district estimates [yes it’s nothing more than an “estimate”] Measure C “only” costs property owners $24/year for each $100,000 of assessed valuation, or “less than $10 monthly for a home of average assessed value.” Because the district’s “average” assessed valuation means little in a vacuum, let’s put a face to what this really means to you [again assuming arguendo, the district can actually deliver on its “conservative assumptions”]. First of all, you need to take a look at the assessed valuation on your tax bill [if you don’t have a copy, go to the “Assessment Roll Information and Inquiry Retrieval” portion of the Santa Clara County Assessor’s web site and after accepting the disclaimer, type in your address or Assessor’s Parcel Number (“APN”)]. For every $100,000 of your actual assessed valuation, add $24/year [thus if your assessed valuation totals today’s average, or $634,000, write down $152.16 for year one]. Now add the $13/year for every $100,000 assessed because of former Measure E you’re currently repaying. Now increase the total of the two figures by 2% each year [“the inflationary rate” (which is permitted under Proposition 13)]. When you get finished carrying forward the numbers, you’ll discover that for the average district homeowner, that’s $14,000 or more over the 40 year life [because of staging] of these bonds in ADDITION to thousands more in “other” exactions landowners only are assessed [if interested, click here to learn about these other “exactions”]! Now assume for the moment your home is located in Los Altos Hills where instead of $634,000, today’s average assessed valuation totals $1,238,502. Instead of costing you $14,000, Measure C really costs you closer to $28,000! So you tell us: do these figures really sound to you like “only $24/year” or “less than $10 monthly?” Now why would an agency of the State intentionally color-coat the cost of a new tax to a handful of dollars per month when as you can see it costs many thousands of dollars? And why would you ever trust such an agency that practices “voodoo economics?” If you agree the true cost of Measure C is much higher than the district has purportedly estimated; and, that cost is not warranted for the questionable rather than the most “critical and urgent” facility repair projects it proposes; we urge you to VOTE NO! Should you have questions or comments, please address them to Silicon Valley Property Taxpayers’ Association at: |
